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Nvidia is expanding its software influence by participating in Perplexity's latest funding round at a $30 billion valuation. Nvidia also invested in data labeling startup Merlyn, whose technology has been used to run reinforcement learning on Nemotron models.
Perplexity launched Hybrid Compute to split processing tasks between cloud servers and local Apple Silicon hardware. The local model handles private files and sensitive data for free, while an on-device classifier strips personal identifiers before cloud transmission.
Nvidia is negotiating a funding round for Perplexity at a valuation exceeding $30 billion. Perplexity has grown its annualized revenue from $250 million to over $750 million this year, primarily driven by its developer tool, Perplexity Computer.
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